Venture Catalysts and Anicut Capital have recently made a substantial investment of INR 4.75 crore into Attron Automotive, a company that specializes in precision-engineered motor and controller solutions for electric mobility. This injection of funds will be utilized to support the company’s mission of revolutionizing electric mobility through advanced technology and innovation.
The electric vehicle (EV) market is currently experiencing significant growth, leading to a surge in global demand for motor and controller solutions. In fact, the global EV motor controller market, valued at USD 7,730.9 million in 2021, is projected to reach an impressive USD 26,879.75 million by 2031. Similarly, the EV motor market is expected to grow from USD 8.5 billion in 2022 to USD 56.95 billion by 2032, highlighting the crucial role of motors and controllers in driving market expansion.
Attron Automotive is committed to providing precision-engineered technology that enhances efficiency, improves vehicle performance, and promotes a sustainable future. With customizable and future-ready solutions, Attron is leading the way in electric mobility, offering superior performance and environmental consciousness in every ride.
The recently concluded Seed funding round for Attron Automotive was led by Anicut Capital, with Venture Catalysts, Pontaq, and Yashowardhan Shah as co-investors. Apoorva Ranjan Sharma, Director and MD of Venture Catalysts, expressed excitement about the investment, emphasizing their dedication to fostering innovation and driving technological advancements in the electric mobility landscape. He further added, “Attron’s pioneering motor and controller solutions embody precision engineering, efficiency, and reliability, setting new standards in the automotive technology sector. We are thrilled to partner with Attron on their journey to redefine electric mobility and shape the future of transportation.”
The substantial investment from Venture Catalysts and Anicut Capital serves as a clear testament to the promising future of electric mobility and the pivotal role of companies like Attron Automotive in driving this paradigm shift. With the infusion of funds, Attron is poised to make significant strides in the realm of electric mobility, further establishing its position as a trailblazer in precision-engineered motor and controller solutions.
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